IDS Center

What IDS Center does

IDS Center is a 57-story, 1,505,421 sq ft Class A+ mixed-use commercial real estate property located at 80 South Eighth Street in the core of downtown Minneapolis, Minnesota. Completed in 1972 as the headquarters for Investors Diversified Services (now Ameriprise), it is Minnesota's tallest skyscraper and a defining landmark of the Twin Cities skyline. The property comprises three integrated revenue streams: (1) Class A+ office space leased to law firms, financial services companies, and professional services tenants, distributed exclusively through JLL (Jones Lang LaSalle); (2) a two-story retail center with approximately 18 restaurants, banks, and service tenants managed directly by the property's General Manager; and (3) hospitality and event revenue from the 19-story Marquette Hotel (operated by THG Marquette Property LLC under Hilton's Curio Collection) and the award-winning 23,000 sq ft Crystal Court urban park, which attracts nearly 50,000 daily visitors.

The property's commercial infrastructure includes the Axis Conference Center, Pivot Fitness center, and IDS Tower Club (an exclusive 38th-floor tenant lounge), all designed to support tenant retention in a competitive Minneapolis CBD market. The asset is connected to the Minneapolis skyway system via four glass pedestrian bridges, providing climate-controlled access to parking, light rail, and adjacent buildings — a structural advantage unique to the Twin Cities market. Sustainability credentials include Three Green Globes certification, Energy Star, and BOMA 360 and TOBY awards, supporting a closed-loop water system that conserves approximately 40 million gallons annually.

Ownership has transitioned multiple times since the original 1981 sale ($200M to Oxford Development), through John Buck Company (2004), Inland Real Estate Group (2006), and finally to Accesso Partners in April 2013 for $253 million. Accesso Services LLC manages day-to-day operations under General Manager Deb Kolar (30+ year tenure). The property carries a $151.66 million CMBS mortgage that received a 3-year extension in December 2023 amid broader downtown office headwinds, signaling capital structure management over expansion. Recent strategic activity centers on amenity repositioning — most notably a $5 million Crystal Court renovation completed in 2021 — and aggressive tenant retention, evidenced by nearly 275,000 sq ft of renewals and expansions in 2022 and 16 new lease transactions totaling 121,670+ sq ft through 2023 YTD.

Name

IDS Center

Legal name

IDS Center

Website

https://ids-center.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

101–250 employees

Short description

IDS Center is a 57-story, 1.5 million sq ft Class A+ office tower in downtown Minneapolis, owned by Accesso Partners since 2013. It generates revenue through office leasing (via JLL), retail leasing, the Marquette Hotel, and Crystal Court events, serving law firms, financial services tenants, and professional services firms.

Ownership category

akta.pro rank

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Office Space Leasing: Class A+ office space leasing across 1,505,421 square feet in a 57-story tower. Tenants include law firms, financial services companies, and professional services firms. Revenue is generated through long-term commercial leases with periodic renewals.
2. Retail Space Leasing: Mixed-use retail center with approximately 18 retailers and restaurants operating in the building. Includes dining, financial services, hotel, services, and shopping categories.
3. Crystal Court Events: The 23,000 square foot urban park hosts non-profit and civic events, private rentals, and community gatherings. Revenue generated through venue rental fees.
4. Marquette Hotel: The 19-story, four-diamond Marquette Hotel operated by THG Marquette Property, LLC generates hospitality revenue including rooms, dining (Jacques, Jolliet House, Windows on Minnesota), and events.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

IDS Center is a 57-story, 1,505,421 sq ft Class A+ mixed-use office tower in downtown Minneapolis, MN, providing premium commercial office leasing, retail space within the Crystal Court atrium, and operating the historic Marquette Hotel. The property serves corporate tenants, retail operators, and hotel guests from a single landmark asset.

Product overview

IDS Center is a 57-story mixed-use office tower complex offering Class A+ office space, a retail center, and hospitality amenities. The property includes 1,505,421 square feet of office and retail space, the award-winning Crystal Court urban park (23,000 sq ft, 8-story atrium), the 19-story Marquette Hotel, Axis Conference Center, Pivot Fitness center, Tower Club tenant lounge, and ground-floor retail dining and shopping options. The property is managed by Accesso Services and owned by Accesso Partners, a commercial real estate investment firm.

Differentiator

Problem solved

Functional benefit

Products and services

• Class A+ Office Leasing

Quantifiable outcome

• 16 lease transactions totaling 121,670+ square feet in 2023 (year-to-date)
• +2 more outcomes

Named customers22 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core, minor and primary.

• Perkins & WillcoreStrategic or Co-development Partner · 1 January 2021Architecture firm leading Crystal Court renovation design. Collaborated with New History on the $5 million renovation completed in 2021.
• New HistorycoreStrategic or Co-development Partner · 1 January 2021Architecture and preservation consulting firm providing design consultation on Crystal Court renovation. Minneapolis-based firm with expertise in historic preservation and adaptive reuse.
• Greiner ConstructioncoreImplementation/ SI/ Consulting Partner · 1 January 2021General contractor for Crystal Court renovation. Minneapolis-based construction firm founded in 1989 specializing in interior buildouts, expansions, and building repositioning.
• Juxtaposition ArtsminorStrategic or Co-development Partner · 1 January 2021North Minneapolis youth-serving arts nonprofit. Roger Cummings and Alex Smith created murals featured on temporary construction walls during Crystal Court renovation.
• Accesso Services LLCprimaryImplementation/ SI/ Consulting PartnerProperty management affiliate of Accesso Partners. Provides proactive, cost-efficient property management services with an owner's mindset. General Manager Deb Kolar oversees day-to-day operations at IDS Center.
• JLL (Jones Lang LaSalle)primaryChannel Partner/ Reseller/ DistributorExclusive office leasing agent for IDS Center. Team includes Managing Directors Jon M. Dahl, Brent Robertson, and Associate Broker Mason Hardacre from JLL's Minneapolis office.
• THG Marquette Property LLCcoreChannel Partner/ Reseller/ DistributorOwns and operates the 19-story, four-diamond Marquette Hotel within the IDS Center property. Hilton Curio Collection brand.
• Dimensional InnovationsminorStrategic or Co-development PartnerDesigned modular furniture and benches for Crystal Court renovation.
• ABM JanitorialminorOthersJanitorial services provider at IDS Center. Handles building cleaning, recycling containers, and green cleaning practices. Contact: 612.341.3583
• Shredright / Shred itminorOthersConfidential shredding services available to IDS Center tenants for document destruction needs.
• OceantechminorOthersE-cycling partner for annual property-wide electronic equipment recycling program. Contact: 612.598.7526

Scale indicators12 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• 33 South Sixth (City Center, Minneapolis): Large Class A office tower in the Minneapolis CBD connected to the skyway system. Competes directly with IDS Center for office tenants and shares the same downtown Minneapolis leasing dynamics and tenant mix.
• Baker Center (Minneapolis): Class A office tower in the Minneapolis CBD originally developed by the same architect (Edward Baker) behind IDS Center. Comparable downtown Minneapolis Class A office product competing for similar occupiers.
• Wells Fargo Center (Minneapolis): Class A office tower in the Minneapolis CBD serving similar law firm and financial services tenants. Most directly comparable Class A office peer in the same submarket, competing for the same downtown Minneapolis occupier base.
• RBC Plaza / 60 South Sixth (Minneapolis): Class A office tower in the Minneapolis CBD formerly anchored by Royal Bank of Canada. Comparable in vintage, scale, and tenant profile to IDS Center within the same downtown core.
• Capella Tower (Minneapolis): 37-story Class A office tower in the Minneapolis CBD. Comparable trophy office asset in the same submarket, attracting similar professional services and corporate tenants and competing for premier leases.

Broad incumbents

• CommonWealth Partners: Private real estate investment manager focused on Class A office properties in select U.S. gateway markets. Operates a portfolio strategy similar in spirit to Accesso Partners (IDS Center's owner), making it a relevant peer for comparable ownership/management approach.
• Cousins Properties: Publicly traded REIT focused on Class A office towers in high-growth Sunbelt markets. Comparable as an institutional Class A office landlord with disciplined capital allocation, though geographically focused on the Southeast rather than Midwest CBDs.
• Tishman Speyer: Global real estate investor and operator of trophy office properties in major CBDs. Comparable as a peer investor/manager of premium mixed-use office assets, though operating at much greater scale and across multiple markets.
• Highwoods Properties: Office-focused REIT operating Class A office properties in select Southeast markets. Relevant comparable as an institutional office landlord with trophy-product positioning, though at much greater scale and in different geographies.
• Brookfield Properties: Major commercial real estate owner/operator with substantial Class A office portfolio across U.S. CBDs. Comparable as a large-scale office landlord competing for institutional tenants, though far larger and more diversified than IDS Center's single-asset profile.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/idscenter
• Facebookfacebook.com/IDSmpls
• LinkedInlinkedin.com/company/ids-center

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IDS Center